The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-21
CONDITION OF THE MARKETS
Wheat Holds Steadily Around S8c, the
Fluctuations Being Very Small.
Corn and Oats in Good Demand. the latter
Especially Taking a Decided Upward
Spurt-Increased Activity in Provisions.
MONEY, BONDS AND STOCKS.

Quiet and Dull Market, Closing Prices
Generally Showing Advances.
NEW YORK May 2o-Money on call was
Easy at as per cent, closing offered at per
,ent.
Prime mercantile paper 5154 per cent
Sterling exchange was dull, but steady and
unchanged.
The total sales of stocks to-day were 2l6,617
Shares, including the following: Delaware,
Lackawanna g. Western, 3.400; Erie, 1925;
Fort Worth Sc Denver. 46oo; Lake Shore,
1850; Louisville & Nashville. 3,l00; Missouri
Pacific. 10.3l5: Northwestern, 5000; Northern
Pacific. $500; Oregon s. Transcontinental, $3.50;
Reading. 1904; ST. Paul. $500; Union Pacific,
4,45O; Western Union. 9,925.
The stock market to-day was quiet and at
times dull The fact that tomorrow is a
half holiday, and that deliveries will be made.
restricted trading. The sentiment Of the street
was moderately bullish. nd most OF the general
list recovered a portion of yesterdays losses.
There considerable covering of shorts" by
the professionals, which the principal ele-
ment in tire strength. London again appeared
in the masket and became factor in the i'm
provement its special favorlte being the Erie
curitles and that stock became the leader or the
market. Norfolk g. Western preferred was also
favorablv affected by London operations Mis-
souri, Pacific was also prominent. but after mod
crate advance closed shade lower. Fort
Worth & Denver was specially weak, though
neither its transactions fluctuations i'm
portant Material advances were made by
Pullman and San Francisco preferred. but
the fluctuations for the great majority
of stocks were confined TO unusually small
fractions. The opening this morning was firm
to strong. advances over last evenings prices
ranging up to per cent, but Missouri Pacific
was noted exception. being down per cent
The market unusually quiet for the early
dealings. and, though OF frst inclined to heavi-
ness. soon rallied, and though becoming quite
dull and featureless. presented firm tone until
after ] p. NJ, when the highest prices of the day
generally were reached After that time there
was slow but steady yielding of values. and
the close dull and rather heavy. close to
opening figures. Closing prices generally show
advances, although changes from last nights
figures for small fractions only. except Nor
folk 81 Western preferred. which gained Ii;
Pullman Palace Car like amount, and San
Francisco preferred DER cent.
Railroad bonds were in fair demand. The
sales today aggregated So. 1876 900. Erie seconds
contributing 1884. 900; Atlantic & Pacific in
comes. 1856, 600. and Nickel plate receipts, $685.
poo There was also active dealing in Fort
Worth 81 Denver hrsts, Mexican Central in
comes, and Mackinack & Marquette land grants.
The general tone was firm throughout the day.
but mportant advances few. Hooking
Valley fives 2 to 81: Indiana, Bloomington
d Western frsts. certificates, II. to 90; Inter
national firsts. 2. to III. Northwestern de-
bentures declined q. to 1861. and Houston &
Texas general SKIES 2, TO 100.
Both government and State bonds were dull
and steady. Closing quotations were: